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The surge in COVID-related unemployment has Canadians depending on the government to help them. Assistance like the Canadian Emergency Response Benefit (CERB) is a temporary answer, leaving Canadians looking for a long-term solution.
The answer to financial success starts with actually taking control of your finances. Budgeting your finances today with resources like Excel can help you plan for a successful future. Excel may seem intimidating at first, but having the right training like The Complete 2020 Microsoft Excel Expert Bundle can make it much easier to understand. This bundle is only $29.99 (originally $275)—that’s an instant savings of 89 per cent.
The bundle’s 100+ lessons are taught by Stream Skill, a part of the Simon Sez IT company which has been in business for over 10 years and taught over 400,000 students. They’ve created over 90 software training courses, over 5,000 video tutorials, and have helped thousands of people across the world learn how to use Microsoft.
Learning Microsoft Excel is an important life skill that can help you get where you want financially; here’s how:
1. Visualize debt and more importantly create a manageable track to pay that off.
Credit card and other debts can seem insurmountable at times. It’s a difficult topic for many to even talk about, but it’s necessary to face your debts to take control of your financial future. It all starts with inputting your balances and interest rates into a spreadsheet. Then, by using the right formulas, you can recalculate your payments based on interest. The autofill function shows you your monthly balance calculations, so you can test different scenarios and pay off debts faster.
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2. Document fixed and variable expenses
Having a budget puts all your investments and expenses into a clear financial picture. By using Excel, you can document both your fixed and variable expenses. Your fixed expenses include your rent, car payments, etc. These remain consistent. The other type, the variable expenses, can fluctuate. The variable costs are your groceries, entertainment, clothing, etc. This will help you see the full picture of your spending habits. Then, you can work on controlling the variable expenses that could be taking a huge bite out of your budget without you even being aware of it.
3. Keep everything organized
Never sift through old receipts again! With Excel, it’s easy to keep track of your spending habits. This can be especially helpful when you’re trying to prepare for a vacation or holiday spending spree. Using categories like vacations and holidays for different tabs on your spreadsheet makes it easy to analyze the numbers at a glance as they can all fit into one document and are completely based on your personal needs.
4. Import data from other personal finance platforms
Excel is the gold standard when it comes to data collection. It’s compatible with practically every other financial tool out there. Mint, QuickBooks, you name it. So, you’ll have an easier time wrangling all of your financial data.
5. As your personal finances grow, Excel can take that on with relative ease
Excel has a custom scripting language called Visual Basic for Applications (VBA), which you can use to define and manage variables, set up subroutines, and create functions. By working some VBA magic into your spreadsheets, you can analyze your finances now and use it to forecast your financial future as your finances grow.
Taking control of your finances can seem daunting, but using Excel can make the process far easier. The Complete 2020 Microsoft Excel Expert Bundle contains over 100 lessons that will help you understand some of Excel’s most powerful number-crunching features. With that knowledge at your disposal, you’ll be able to apply your skills and use Excel to better understand and track your finances. Get it now for only $29.99.
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